NAA’s Federal Legislative Priorities

Ensuring a Fair and Thriving Auction Industry

The auction industry plays a vital role in our economy, facilitating the exchange of goods and services in a transparent and competitive environment. As the leading association for auction professionals, we are committed to advocating for legislative policies that foster a healthy and ethical auction marketplace. The following guide serves as a resource for our members, outlining key legislative areas where our advocacy efforts are focused.

By promoting these guidelines and understanding their impact on the industry, our members can become active participants in shaping the future of auctions as the industry continues to evolve. This includes engaging with legislators, educating the public, and working together to ensure a regulatory framework that promotes fair competition, protects consumers, and allows auctioneers to operate with confidence.

Please remember that this is a general guide for our efforts and is not intended to restrict the association from considering any policy issues that may arise.

Professional Licensing:

  • Reinforce the Principle of State-Based Regulation: The NAA believes that the regulation of auctioneers should be a matter of state jurisdiction. We support the individual states in their ability to determine the appropriate licensing and regulatory framework for their auctioneers. We recognize that the unique needs and characteristics of each state may necessitate varying regulatory approaches. 

  • Address Potential Preemption: Monitor federal legislation for any provisions that could preempt state laws and regulations, ensuring that the states maintain their autonomy in regulating the auction industry.

Business Environment and Regulatory Certainty:

  • Small Business Support: Promote policies that support small businesses, including tax incentives, access to capital, and regulatory relief.

  • Tax Reform: Advocate for tax legislation that recognizes the unique aspects of the auction industry and avoids undue burdens on auctioneers and their clients, including provisions that protect independent contractors from misclassification in light of recent labor policy developments.

  • Economic Development: Support policies that foster economic growth and job creation in the auction industry.

  • Clear and Concise Laws: Advocate for clear and concise laws and regulations governing the auction industry, reducing ambiguity and uncertainty. Promote open communication and collaboration between the auction industry and policymakers, ensuring that regulatory decisions are informed by industry expertise.

  • Regulatory Inconsistencies: Support efforts to reduce regulatory duplication and inconsistencies across different jurisdictions, streamlining compliance for auctioneers.

Transparency and Fairness:

  • Consumer Protection: Promote legislation that ensures transparency and fairness in auction transactions, protecting the interests of both buyers and sellers. Support initiatives that educate consumers about their rights and responsibilities at auctions, reducing misunderstandings and disputes.

  • Fraud Prevention: Advocate for regulations that prevent fraud and deceptive practices in the auction industry, ensuring a safe and trustworthy marketplace.

Technology and Innovation:

  • Digital Transformation: Support legislation that facilitates the use of technology in conducting auctions.

  • Cybersecurity: Advocate for policies that address cybersecurity concerns related to online auctions and for data privacy laws that protect the interests of auctioneers and their customers.

  • Emerging Technologies: Promote research and development of new technologies that can benefit the auction industry, such as AI-powered auction platforms.